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. >> how are the talks progressing and what about reduction in government spending? we still have the looming 16 trillion plus budget deficit. remember that? and the politicians they are taking their time on that as well. we will ask house budget committee member south carolina republican congressman when joins us live later this hour. he is worried that the talks have not addressed spending. so we have to address that. >> breaking news now in the benghazi terror attacks in libya. president obama this morning told "meet the press" the u.s. now has some "very good leads" about who carried out the deadly strike. >> there was sloppiness, not intentional in terms of how we secure embassies in areas where you essentially don't have governments that have a lot of capacity to protect the embassies. so we are are doing a thorough review. not only will we implement all of the recommendations that were made but we will try to do more than that. with respect to who carried it out, that is an ongoing investigation. the fbi has sent individuals to libya repeatedly. we have some v
. >> how are the talks progressing and what about reduction in government spending? we still have the looming 16 trillion plus budget deficit. remember that? and the politicians they are taking their time on that as well. we will ask house budget committee member south carolina republican congressman when joins us live later this hour. he is worried that the talks have not addressed spending. so we have to address that. >> breaking news now in the benghazi terror attacks in libya....
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they decided emergency unemployment would be by the federal government. since the economy is still struggling they are looking at renewing this. this is new spending in the bill. there is virtually no spending. they got rid of this tweaking the tax code. that is something that a lot of house republicans probably won't like. but at this point in the game i think they have to pass it. >> one of the increases is social security payroll tax increase. owe b president obama was talking about letting that cut to lapse. it raises income tax for people of all levels on the social security tax to 6.2 percent which adds up to a lot of money for a family. that's a big tax increase. >> the payroll tax holiday is going to effect folks. this is a dedicated tax that goes to fund social security. when they took the 2 percent out of social security we were funding the program through deficit spending. you probably shouldn't be continuing this temporary program for another year when social security has plenty of fiscal challenge of its own. >> you sport that move to let tha
they decided emergency unemployment would be by the federal government. since the economy is still struggling they are looking at renewing this. this is new spending in the bill. there is virtually no spending. they got rid of this tweaking the tax code. that is something that a lot of house republicans probably won't like. but at this point in the game i think they have to pass it. >> one of the increases is social security payroll tax increase. owe b president obama was talking about...
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it's equal branchings of government. they control two-thirds and it takes three to tango, the senate, white hussein. >> eric: terrific debate. >> heather: who is leading in the tango, that's what we don't know. congressional leaders are trying to come up with that deal, with less than two days before massive tax hikes and spending cuts kick in and small businesses are already being affected. companies have no idea how much more they are going to owe uncle sam next year. that is affecting how they are doing business right now. we have those details from the new york city newsroom. >> reporter: many small, owners are hesitating to expand, for fear their bottom line will suffer as the fiscal cliff looms and congress can't seem to compromise. the owner of an internet marketing company is concerned that the change in tax rates will hurt his ability to hire. he says the uncertainty is making him run his business defensively, making decisions based on business already coming in because he can't risk losing it all. >> knowing th
it's equal branchings of government. they control two-thirds and it takes three to tango, the senate, white hussein. >> eric: terrific debate. >> heather: who is leading in the tango, that's what we don't know. congressional leaders are trying to come up with that deal, with less than two days before massive tax hikes and spending cuts kick in and small businesses are already being affected. companies have no idea how much more they are going to owe uncle sam next year. that is...
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Dec 31, 2012
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it's not just the tax hikes that are scheduled to hit it's big cuts in government spending as well. 2013 could be off to a difficult start if there is no resolution. listen to this bleak assessment from capitol hill. >> the future of the country rests in the hands of 70 and 80-year-olds who have jet lag it's probably not the best thing. >> could joe biden be the fix? he appears to be taking over for democrats after a counteroffer to prevent a big tax hike is met by silence. harry reid says democrats couldn't respond. >> there is still significant difference between the two sides but negotiations continue. there's still time left to reach an agreement and we intend to continue negotiations. >> i am willing to get this done but i need a dance partner. >> so the senate will try to work on this again later today and we are talking about something small here if anything a continuation of the busheir raw tax cuts for most americans and renewal of long-term unemployment benefits. but payroll taxes will probably go up tomorrow for everyone. that's a big hit for paychecks and sec quest tore autom
it's not just the tax hikes that are scheduled to hit it's big cuts in government spending as well. 2013 could be off to a difficult start if there is no resolution. listen to this bleak assessment from capitol hill. >> the future of the country rests in the hands of 70 and 80-year-olds who have jet lag it's probably not the best thing. >> could joe biden be the fix? he appears to be taking over for democrats after a counteroffer to prevent a big tax hike is met by silence. harry...
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however, some complain that is a foreign concept to our government. correspondent william la jeunesse explains the push for national yard sale. >> amtrak to vacant buildings like these in california many wonder if the federal government should sell what it doesn't need. >> so instead of raising taxes that takes money out of the economy and loafers activity, we should look to sell federal assets. >> empty v.a. hospital in los angeles for $5 billion or part of the water front former military base in san francisco. both cases, politicians said no. they want to make sure they are taken care of. sometimes it gets in way of what is best for the nation. >> federal government is america biggest landlord. selling 20% of the empty or underperforming buildings would save $2 billion. you go through and clear it out. it's a matter of scale. defense refused to sell valuable public land adjacent to fast-growing city. without charging royalties like we do for oil and natural gas. selling amtrak could net $60 billion. the tennessee authority and the power would bring
however, some complain that is a foreign concept to our government. correspondent william la jeunesse explains the push for national yard sale. >> amtrak to vacant buildings like these in california many wonder if the federal government should sell what it doesn't need. >> so instead of raising taxes that takes money out of the economy and loafers activity, we should look to sell federal assets. >> empty v.a. hospital in los angeles for $5 billion or part of the water front...
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but isn't it now time to govern? >> the president was absolutely out of line with his comments at 1:30 this afternoon. this is a delicate time in the negotiations. >> republicans suggesting there in this delicate time of negotiations the president may have turned off some republicans. we will see again whether or not senate republicans rank and file go along with their leader. it is a big deal that mitch mcconnell is expected to be voting for in. will his rank and file go along. more importantly in the days ahead will the rank and file on the house republican caucus go along. finally tonight will we see the president -- we are not expecting to see him tonight since this is not done-done yet. more likely we will see him tomorrow, bret. >> bret: 20 seconds here, ed, before we take another break. but is it a loss for this white house that the debt ceiling part of this is not included? >> there is no doubt they wanted it included in here. they were fighting for are it. so it is is a loss in it that is sense but they will
but isn't it now time to govern? >> the president was absolutely out of line with his comments at 1:30 this afternoon. this is a delicate time in the negotiations. >> republicans suggesting there in this delicate time of negotiations the president may have turned off some republicans. we will see again whether or not senate republicans rank and file go along with their leader. it is a big deal that mitch mcconnell is expected to be voting for in. will his rank and file go along....
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but it does not mean that the government will stop paying its bills. la the treasury secretary told congress that by playing with some government accounts, for example, not reinvesting in certain government employee retirement programs, the treasury could create about $200 billion worth of additional head room in the debt ceiling, which, depending would last us another two months or so. trace? >> trace: two months, two days, who knows? peter barnes live for us at the white house. thank you. as we had reported sources said lawmakers have agreed to let tax cuts expire for some the wealthiest americans as part of their framework for avoiding the fiscal cliff. but spending cuts still very much up in the air. team fox coverage continues with rich edson on capitol hill. rich, what's the latest on that framework. >> trace, in just a few hours, tax rates across the board are scheduled to increase. this proposal deals with it. this is the framework that senators have been discussing here. families would pay the same income tax rates they do now on the first $45
but it does not mean that the government will stop paying its bills. la the treasury secretary told congress that by playing with some government accounts, for example, not reinvesting in certain government employee retirement programs, the treasury could create about $200 billion worth of additional head room in the debt ceiling, which, depending would last us another two months or so. trace? >> trace: two months, two days, who knows? peter barnes live for us at the white house. thank...
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government officials ordering people within a two mile radius to prepare to leave. the same volodymyr erup volcand earlier this year. >>> china. a huge fish tank holding sharks burst wide open at a shopping mall. security video capturing the moment the glass broke. saturdays of glass covering some shoppers. local media reporting several people with injuries from cuts to a broken leg. some of those lem on sharks, fish around turtles died. that s a wrap on this fox trip around the world in 80 seconds. >> harris: more on the breaking news at this hour. the death of retired general norman schwarzkopf. his extraordinary life and military career, next. [ male announcer ] how do you measure happiness? by the armful? by the barrelful? the carful? how about...by the bowlful? campbell's soups give you nutrition, energy, and can help you keep a healthy weight. campbell's. it's amazing what soup can do. [ buzzing ] bye dad. drive safe. k. love you. [ chirping, buzzing continues ] [ horn honks ] [ buzzing continues ] [ male announcer ] the sprint drive first app. blocks and repl
government officials ordering people within a two mile radius to prepare to leave. the same volodymyr erup volcand earlier this year. >>> china. a huge fish tank holding sharks burst wide open at a shopping mall. security video capturing the moment the glass broke. saturdays of glass covering some shoppers. local media reporting several people with injuries from cuts to a broken leg. some of those lem on sharks, fish around turtles died. that s a wrap on this fox trip around the world...
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Dec 25, 2012
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bullets hit vehicles and a government building. police suspect two rival drug cartels. sri lanka. floodwaters killing at least 42 people after more than a week of heavy rains. officials say half the country's main reservoirs are overflowing. more than 17,000 people now in relief camps and first alert forecasters calling for another week of rain. boss knee a rescue divers in santa hats putting up their christmas tree at the bottom of an icy lake in a nature preserve. they want to bring attention to the need for conservation funding. the divers say they will remove the tree after the new year so they won't hurt the environment. germany. >> more than 22,000 fans singing christmas carols at a soccer stadium in berlin. officials turned off the lights and the people all held candles for 90 minutes, the length of a soccer match. the mass caroling began 9 years ago as a small season ending event. now it's grown into an annual holiday celebration. that's a wrap on this fox trip around the world in 80 seconds. are you hoping santa will bring you a new cell phone to replace your clunker? i h
bullets hit vehicles and a government building. police suspect two rival drug cartels. sri lanka. floodwaters killing at least 42 people after more than a week of heavy rains. officials say half the country's main reservoirs are overflowing. more than 17,000 people now in relief camps and first alert forecasters calling for another week of rain. boss knee a rescue divers in santa hats putting up their christmas tree at the bottom of an icy lake in a nature preserve. they want to bring attention...
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Dec 30, 2012
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the government's broken. we need to fix it but we need to have public debates. one side puts a plan on the table, like the house has done, they have passed two budgets, with proposals to save medicare for future generations. senator harry reid has not passed budgets. president obama's budgets have been voted on 3 times, the final vote tally, 0-610. so getting back to your first question, have i seen a plan out of this president that would be an obvious yes from us? i haven't seen any specific plan. all i have seen is demagoguery and a few numbers thrown out, whether it's $800 billion over 10 years or $1 of revenue for $3 of spending cuts, but nothing specific that we need to see to hammer this thing out. >> he says the onus is on congress, this is your job to get done. he said in the clip we just had, if it doesn't get done, the people who are going to pay are the senior who is will lose out on benefits that they are enjoying. is that an accurate representation of what will happen? >> no! this country needs presidential leadership. the house has passed two budge
the government's broken. we need to fix it but we need to have public debates. one side puts a plan on the table, like the house has done, they have passed two budgets, with proposals to save medicare for future generations. senator harry reid has not passed budgets. president obama's budgets have been voted on 3 times, the final vote tally, 0-610. so getting back to your first question, have i seen a plan out of this president that would be an obvious yes from us? i haven't seen any specific...
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our government is spending way too much money. we need to cut back on spending, cut -- >> arthel: where? >> look at the entitlement programs, for example. there's a lot of waste, fraud, and abuse going on there. that is not even on the table. and so listen, we can cut our expenses in our country that is spleeningful and very important for us to do because right now, they're just kicking the can down the road and it's not going to help our economy. >> arthel: waste, fraud and abuse, where? because when regular folks at home hear cut my entitlement, you're looking at the older people when are looking at their medicare or medicaid benefits being affected. >> there is a significant amount of waste, fraud and abuse going on in medicaid and medicare. so that is something i think a needs to be addressed. that's something that has not been looked at. i think that is part of our problem. >> arthel: michael, you get the last word. >> i don't think you need to hold up the tax issue on the spending. the congress has the power of the purse str
our government is spending way too much money. we need to cut back on spending, cut -- >> arthel: where? >> look at the entitlement programs, for example. there's a lot of waste, fraud, and abuse going on there. that is not even on the table. and so listen, we can cut our expenses in our country that is spleeningful and very important for us to do because right now, they're just kicking the can down the road and it's not going to help our economy. >> arthel: waste, fraud and...
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well, you can't keep it up as a government either. >> gerri willis, thank you so much. >> absolutely. >> this has been moving and fluid all day. >> catch her weeknights onhe willis report 6:00 p.m. eastern on the "fbn." >>> right now, work behind the scenes to get to a deal in place. we'll take you back to capitol hill for the latest developments. you're watching a special two-hour edition of the fox report. [ sniffs ] i have a cold. [ sniffs ] i took dayquil but my nose is still runny. [ male announcer ] truth is, dayquil doesn't treat that. really? [ male announcer ] alka-seltzer plus fights your worst cold symptoms, plus it relieves your runny nose. [ breathes deeply ] awesome. [ male announcer ] yes, it is. that's the cold truth! vision expanding to a 5-inch 1080p hd display and camera. touch acquiring nfc. hearing evolving with beats audio. wireless charging activated. introducing droid dna by htc. it's not an upgrade to your phone. it's an upgrade to yourself. what are the key differences keeping lawmakers from reaching an agreement to avoid going over the fiscal cliff? 0 we'll
well, you can't keep it up as a government either. >> gerri willis, thank you so much. >> absolutely. >> this has been moving and fluid all day. >> catch her weeknights onhe willis report 6:00 p.m. eastern on the "fbn." >>> right now, work behind the scenes to get to a deal in place. we'll take you back to capitol hill for the latest developments. you're watching a special two-hour edition of the fox report. [ sniffs ] i have a cold. [ sniffs ] i took...
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you clear it out and the government is no different. the scale, just a matter of scale. >> reporter: the feds also refuse to sell valuable public landed a adjacent to fast-growing cities and let mining companies take billions in gold and silver for free, without charging royalties like we do for oil and natural gas. selling amtrak could net 60 billion. two taxpayer-owned utility, the tennessee valley authority, and bonneville power, would bring in even more. a commission could oversee the sale to overcome partisan opposition. >> the commission could look at all of the federal assets, decides which were the most valuable which could be sold to the least loss to common good. >> reporter: now the federal government already owns about 28% of all the land in the u.s. about 500 billion in mineral rights we give away. we have trillions in oil reserves, jon, we refuse to pump. yes, a yard sale could help bring down the national debt. but reuse, recycle, resell, are not words you hear on capitol hill. jon: that doesn't seem to happen very often.
you clear it out and the government is no different. the scale, just a matter of scale. >> reporter: the feds also refuse to sell valuable public landed a adjacent to fast-growing cities and let mining companies take billions in gold and silver for free, without charging royalties like we do for oil and natural gas. selling amtrak could net 60 billion. two taxpayer-owned utility, the tennessee valley authority, and bonneville power, would bring in even more. a commission could oversee the...
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on the default showdown, the government shut down there was more urgency. here there just isn't that urgency, maybe because the markets haven't been the roller coaster we thought they would be. eventually people will see less money in their paychecks unless a deal is reached and that could cause some kind of panic that could move congress. so far congress has just not moved and neither has the president. they haven't been able to get a deal. >> reporter: we keep hearing that this is not just a tax problem, raising revenues, this is also a big spending problem. and those issues are just not being addressed. >> yeah, and whatever deal they reach, this debt problem is not going to be going away. tax reform, entitlement reform will probably have to be done in 2013. the big thing here is this because supposed to be a down payment on deficit reduction, and when you think about the things that could be in this bill, whether it's increasing rates for doctors in medicare, as well as possibly delaying the defense sequester, this bill could actually cost money and inc
on the default showdown, the government shut down there was more urgency. here there just isn't that urgency, maybe because the markets haven't been the roller coaster we thought they would be. eventually people will see less money in their paychecks unless a deal is reached and that could cause some kind of panic that could move congress. so far congress has just not moved and neither has the president. they haven't been able to get a deal. >> reporter: we keep hearing that this is not...
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we never hear any stories about positive with respect to our government. it's always negativity, fighting. there is no leadership. nobody is getting along. >> clayton: let's talk about these numbers. chris wallace was saying yesterday, when you're in these negotiations negotiations and you've done a lot of these, so take us hyped behind the scenes. most numbers won't find out about the numbers outside of the room. how much taxes will be raised and those making $400,000, truth is, we don't know, right, because you're in those closed doors and no one outside of it is privy to that information at this hour. >> that's right. and i heard chris' statement and i agree with it 100%, the ones that really know, they're not talking. the talkers are the ones that don't know what's going on. the fact is, and i thought it was a very good segment 'cause it's true. but the fact is that it doesn't matter whether or not we know. the small group of people that should know, and those are the people that are supposed to be leading this people and they're not leading the countr
we never hear any stories about positive with respect to our government. it's always negativity, fighting. there is no leadership. nobody is getting along. >> clayton: let's talk about these numbers. chris wallace was saying yesterday, when you're in these negotiations negotiations and you've done a lot of these, so take us hyped behind the scenes. most numbers won't find out about the numbers outside of the room. how much taxes will be raised and those making $400,000, truth is, we don't...
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run against government. >> jehmu is exactly right. rick: dee dee, last word here. 10 seconds. >> the fat cats are not getting it done. we need to forget rid of them. forget it. it is not a good deal. we need to do what is right for the american people and this ain't it. rick: happy new year. happy and healthy. see you again real soon. heather: amateur video capturing a harrowing moment whether a rescue helicopter crashes into the water off of a crowded beach in brazil. take a look. police say that this chopper was trying to rescue a drowning swimmer when it suffered engine failure. you can see what happened next. look, plunging into the ocean. well the good news the crew managed to escape before the helicopter began to sink. the four crewmembers and the stranded swimmer, by the way all able to swim to shore. they survived with minor injuries the helicopter was later recovered by the local fire department. rick: meantime a new year's eve celebration in the ivory coast in africa turns deadly. at least 61 people were crushed to death, 20
run against government. >> jehmu is exactly right. rick: dee dee, last word here. 10 seconds. >> the fat cats are not getting it done. we need to forget rid of them. forget it. it is not a good deal. we need to do what is right for the american people and this ain't it. rick: happy new year. happy and healthy. see you again real soon. heather: amateur video capturing a harrowing moment whether a rescue helicopter crashes into the water off of a crowded beach in brazil. take a look....
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and the government with an eye on every mile you drive. the cost freedom the top of the hour, we'll see you again. '. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needingo go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain, as this may cause an unsafe drop in blood pressure. do not drink alcohol in excess with cialis. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, seek immediate medical help for an erection lasting more than four hours. if you have any sudden decrease or loss in hearing or vision, or if you have any allergic reactions such as rash, hives, swelling of the lips, tongue or throat, or difficulty breathing or swallowing, stop taking cialis and get medical help right away. ask your doctor about cialis for d
and the government with an eye on every mile you drive. the cost freedom the top of the hour, we'll see you again. '. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needingo go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain, as this...